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SPECIAL ACCOUNTING CLASS 207 TRANSACTIONS
OPTAR FUNDS

Aviation Storekeeper 2 - Aviation theories and other practices - index
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FLOW OF FUNDS It is a policy of the Secretary of the Navy (SECNAV) that the accounting effort performed by Navy Operating Forces be kept to the absolute minimum. The responsibility y for formal account- ing is to be placed ashore. All material and services requisitioned by a Navy squadron ultimately cost the U.S. Government money. Since the requirement for these items originates in the squadron, it follows that financial re- sponsibility starts there as well, The next higher level of financial responsibility is the aircraft con- trolling custodian (ACC) or TYCOM (fig. 2-5). The AK2 does not get involved with funding above the ACC or TYCOM level. Therefore, for the purposes of this TRAMAN, a discussion of funding is limited to the ACC or TYCOM and the cost center. FLEET ACCOUNTING AND DISBURSING CENTER MANAGEMENT REPORTS The fleet accounting and disbursing centers (FAADCs) perform the official accounting and reporting for OPTARs issued by the TYCOM. The FAADCs establish the necessary controls to maintain and prove the accuracy and propriety of transactions. These controls include the required document files and related accounting records. The FAADCs maintain records of each obliga- tion document and, as requisitioned material is supplied and vouchers paid, match them to the expenditure documents received from the supply activities and disbursing office. The result is reported to the ship or squadron by listings prepared on data processing equipment. The listings allow OPTAR AKs to make necessary corrections to the appropriate records and to report any errors to the FAADC. To help in the proper accounting of fleet funds held by the individual OPTAR holders, the FAADCs, U.S. Atlantic Fleet (FAADC- LANT) and U.S. Pacific Fleet (FAADCPAC), periodically submit several transaction listings to the fleet correction. units for review, validation, or Figure 2-5.—Flow of funds for Operations and Maintenance, Navy. 2-7







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